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Congress is still debating the future of the federally
guaranteed student loan program, known as the Federal Family
Education Loan Program (FFELP).
Click below for more information.
Benefits for Stafford
Subsidized/Unsubsidized, PLUS and Grad-PLUS Loans offered by the
following lenders:
New Mexico Student Loans and participating lenders:
* Bank of
the West
*
Citizens Bank of Clovis
* New Mexico Educators Federal Credit Union
These benefits will be offered to
borrowers on loans first disbursed on/after 7/1/09 to New Mexico
residents and non-residents attending New Mexico postsecondary
institutions:
-
1% default fee will be paid by
New Mexico Student Loan Guarantee Corporation
-
.25% interest rate reduction
for electronic payment
* Click here for
benefits offered to borrowers for loans disbursed on or prior to
6/30/09.
New Mexico Student Loans
reserves the right to modify or discontinue programs/benefits at any
time. Some restrictions may apply. |
